Sunbelt Securities Inc. Has $1.39 Million Stock Position in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

Sunbelt Securities Inc. grew its holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 4.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 44,083 shares of the company’s stock after purchasing an additional 1,820 shares during the period. Sunbelt Securities Inc.’s holdings in iShares Preferred and Income Securities ETF were worth $1,385,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Novem Group acquired a new stake in shares of iShares Preferred and Income Securities ETF in the 4th quarter valued at approximately $95,000. 10Elms LLP acquired a new stake in iShares Preferred and Income Securities ETF in the fourth quarter valued at $491,000. Continuum Advisory LLC lifted its stake in iShares Preferred and Income Securities ETF by 98.0% in the fourth quarter. Continuum Advisory LLC now owns 12,696 shares of the company’s stock valued at $399,000 after acquiring an additional 6,285 shares during the last quarter. Ames National Corp bought a new position in shares of iShares Preferred and Income Securities ETF in the 4th quarter valued at about $925,000. Finally, Mpwm Advisory Solutions LLC acquired a new position in shares of iShares Preferred and Income Securities ETF during the 4th quarter worth about $64,000. Institutional investors own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Stock Performance

Shares of PFF stock opened at $30.08 on Friday. iShares Preferred and Income Securities ETF has a 52-week low of $28.70 and a 52-week high of $33.59. The stock has a market cap of $13.67 billion, a price-to-earnings ratio of 3.74 and a beta of 0.51. The firm’s 50-day moving average is $30.14 and its 200-day moving average is $31.29.

iShares Preferred and Income Securities ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, May 6th. Shareholders of record on Thursday, May 1st were issued a dividend of $0.1741 per share. This is an increase from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.17. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $2.09 annualized dividend and a yield of 6.95%.

iShares Preferred and Income Securities ETF Profile

iShares U.S. Preferred Stock ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results, which correspond to the price and yield performance, before fees and expenses, of the S&P U.S. Preferred Stock Index (the Underlying Index). The Underlying Index measures the performance of a select group of preferred stocks listed on the New York Stock Exchange (NYSE), NYSE Arca, Inc (NYSE Arca), NYSE Amex, NASDAQ Global Select Market, NASDAQ Select Market or NASDAQ Capital Market.